Portugal: Inflation, annual
* indicates monthly or quarterly data series
The most recent value is 3.14 percent as of July 2026, no change compared to the previous value of 3.14 percent. Historically, the average for Portugal from January 1997 to July 2026 is 2.2 percent. The minimum of -1.8 percent was recorded in September 2009, while the maximum of 10.56 percent was reached in October 2022.
Click on the following link to see the values of: Inflation, annual around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Eurostat
| Recent values | Portugal: Inflation, annual percent change in the CPI |
|---|---|
| 2026 Jul | 3.14 |
| 2026 Jun | 3.14 |
| 2026 May | 3.11 |
| 2026 Apr | 3.32 |
| 2026 Mar | 2.67 |
| 2026 Feb | 2.11 |
| 2026 Jan | 1.92 |
| 2025 Dec | 2.39 |
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Definition: Percent change in the CPI from the same month last year.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 2.3 | 2025 | percent |
| Exchange rate regimes | 7 | 2023 | index points |
| USD exchange rate | 0.8754 | 7/2026 | Local Currency Units per USD |
| Money supply (broad money) | 233.70 | 12/2020 | billion |
| Consumer Price Index (CPI) | 103.7600 | 7/2026 | index points |
| Inflation, monthly | -0.35 | 7/2026 | percent |
| Inflation, annual | 3.14 | 7/2026 | percent |
| Food and beverages inflation | 4.41 | 4/2026 | percent |
| Alcohol and tobacco inflation | 2.94 | 6/2026 | percent |
| Energy price inflation | 11.68 | 4/2026 | percent |
| Transport services inflation | 4.80 | 4/2026 | percent |
| Services inflation | 3.16 | 4/2026 | percent |
| Information and communication inflation | -2.07 | 4/2026 | percent |
| Restaurant and accommodation services inflation | 5.71 | 4/2026 | percent |
| Health care inflation | 2.45 | 4/2026 | percent |
| Education services inflation | 4.33 | 4/2026 | percent |
| Clothing and footwear inflation | -1.15 | 4/2026 | percent |
| Housing inflation | 5.13 | 4/2026 | percent |
| Private sector credit | 218.93 | 12/2025 | billion |
| Business credit | 74.15 | 12/2025 | billion |
| Household credit | 144.78 | 12/2025 | billion |
| Mortgage credit | 110.96 | 12/2025 | billion |
| Consumer credit | 33.81 | 12/2025 | billion |
| Deposit interest rate | 3.09 | 10/2023 | percent |
| Business credit interest rate | 5.01 | 6/2023 | percent |
| Mortgage credit interest rate | 3.99 | 6/2023 | percent |
| Policy rate | 3.25 | 12/1998 | percent |
| Household debt to GDP | 53.90 | 12/2025 | percent |
| Debt service ratios for private non-financial sector | 12.20 | Q4/2025 | percent |